China News agency Jekaterinburg June 16 (Xinhua Zibin Tin Bing) Chinese President Hu Jintao said 16th that although the adverse effects of the international financial crisis on China's economy continue to show, the basic situation and long-term trend of China's economic development have not changed. Hu Jintao 16th at the SCO Nineth Summit issued a "joint efforts to deal with the international financial crisis together to create a harmonious and beautiful future," the important speech. He noted that in the face of the rare international financial crisis, China resolutely implemented active fiscal policy and moderately loose monetary policy, formed a package plan to further expand domestic demand and promote stable and rapid economic development, vigorously expand domestic market, especially rural market, implement industrial adjustment and revitalization plan, vigorously promote scientific and technological innovation and technical renovation , greatly improve the level of social security, and vigorously strengthen energy conservation and environmental protection. Hu Jintao stressed that these measures have already yielded initial results, showing positive signs. Although the adverse effects of the international financial crisis on China's economy continue to show, but the basic situation of China's economic development and long-term good trend has not changed. The steady and rapid development of China's economy will have positive influence on member countries, regional economy and even the world economy. He reiterated that China adheres to the path of peaceful development and will continue to pursue an independent foreign policy of peace, adhere to its surrounding diplomatic policies of being good and friendly to its neighbours, and work together with all countries to meet challenges and opportunities to make greater contributions to peace and development in the region and even in the world. Finish)
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